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Adjusting Entries Crazy Mountain Outfitters Co, an outfitter store for fishing tres, prepared the following unadjusted trial balance at the end of first yew of
Adjusting Entries Crazy Mountain Outfitters Co, an outfitter store for fishing tres, prepared the following unadjusted trial balance at the end of first yew of time Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 2014 Debit Balances 11,400 72.000 7200 112.000 Credit Balances 12,200 Cash Accounts Receivable Supplies Equipment Accounts Payable Linearned Fees John indger, Capital lobin trder, Drawing Yes Eamed Wages Expense Bent pense 19,200 137.500 10.000 305,800 157,500 55,000 Manuus en 7,000 675,000 475,000 Utilities Expense Miscellaneous Expense 42,000 7.000 475,000 475,000 or preparing the adjusting entries, the following data were assembled: Supplies on hand on April 30 were $1,380. Fees canned but unbilled on April 30 were $3,000 Depreciation of equipment was estimated to be $3,000 for the year Unpaid wages accrued on April 30 were 2,475 The balance in unearned foes represented the April 1 recept in advance for services to be provided. Only $14.140 the service was provided betweet and so Requiredi 1. Journal the dusting entries necessary on April 30, 2018 1 an amount hox does not require an entry, leave it blank 2014 Apt.30 30 30 ET 8 Next 30 30 30 : 2. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. before the adjusting entries Fevenues Expenses Net income 3. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Coater the station entries Revenues Expenses Net income 1. Determine the effect of the adjusting entries on John Bridge, Capital John Bridge, Capital
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